Finance Secretary Benjamin Diokno told Japanese businessmen the Philippines is primed to be a leading investment destination in Asia because of its favorable policy environment.
Diokno made this point during the Philippine Investment Opportunities Forum on Aug. 29, 2023 at the Japan International Cooperation Agency Office in Takebashi, Tokyo.
“Indeed, the Philippines today is primed more than ever to become a leading locus of investments in Asia and the Pacific. This is made possible through the establishment of a stable, predictable, and competitive investment environment,” he said in a presentation.
Diokno cited the Philippines’ improved public-private partnership policy framework, fiscal incentives offered under the Corporate Recovery and Tax Incentives for Enterprises law and the recently legislated Maharlika Investment Fund to an audience of over 130 representatives of Japan-based trading houses, financial institutions, Japanese government agencies and multilateral development agencies.
He said the Philippine government is guided by the Marcos administration’s 8-Point Socioeconomic Agenda and the Philippine Development Plan 2023-2028. Julito G. Rada